Market Forecast By Product (Motorcycle Helmets, Bicycle Helmets, Other Helmets), By Applications (Transportation, Sport, Dangerous Work Activities), And Competitive Landscape
Product Code: ETC053164 | Publication Date: Aug 2023 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Helmet Market registered a growth of 10.86% in value shipments in 2022 as compared to 2021 and an increase of 2.38% CAGR in 2022 over a period of 2017. In Helmet Market India is becoming less competitive as HHI index in 2022 was 3355 while in 2017 it was 3227. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Helmet Market.
India Helmet Market is estimated to register sound revenues in the forthcoming years on the back of the rising awareness about comfort and safety thereby the demand for premium helmets has been rising in rural areas as well. Additionally, the two-wheeler segment is estimated to gain traction in the market underpinned by a rising growth of the middle class and young population that has impacted positively on the product demand which is further estimated to boost the growth of the India helmet market in the upcoming six years.
India Helmet Market is anticipated to register sound market growth in the coming time zone. The market is being driven by the growing urbanization and rising disposable income across the globe. The growth of the market can also be attributed to the rising adoption of smart helmets by motorcyclists and bicyclists. The increasing sales of two-wheelers are also expected to aid the industry growth. The implementation of strict road safety regulations by governments is also projected to propel the market forward. The rising focus of regulatory authorities to curb mobile phone usage by drivers is expected to aid the industry to grow further.
According to 6wresearch, the India Helmet Market size is expected to grow during 2020-2026. The market is expected to be driven by the rising innovations and technological advancements in the industry in the coming years. The COVID-19 pandemic caused a sudden lockdown in many parts of the world for preventing the spread of the virus which resulted in the rapid closing down of factories, shops, etc. The rapid decline of demand and supply and travel bans led to the downfall of the market of non-essential products globally. The pandemic has made a significant negative impact on the economy owing to less work happening, less demand, shortage of employees in the factory, also traveling ban led to a shortage of raw materials, thus stopping the production. However, with the lockdown being relaxed and vaccination drives happening in many countries, the workflow has started increasing thus, helping the market players to make a comeback. The government’s regulations and support regarding the growth in the economy and rising start-ups are expected to surge the valuation of the Protection Helmet market during the forecast period. Therefore, with these initiatives and processes, market growth is anticipated to grow in the near future.
Full face is the leading type of smart helmet due to the rising adoption of smart helmets by bikers. The increasing use of full-face smart helmets in adventure sports is expected to aid the segment growth further. The segment is expected to be the fastest-growing type of smart helmet in the industry in the forecast period. While communication is the leading component in the industry, navigation is expected to emerge as the fastest-growing component segment in the forecast period due to the rising demand for India Navigation Satellite System (GNSS) based tracking, navigation, and positioning via smart helmets. By end-use, the consumer segment is. The Asian Subcontinent, however, is expected to emerge as the fastest-growing market for smart helmets in the forecast period due to the rising adoption of smart helmets, growing sales of two-wheelers, and rapid urbanization.
The India helmet market report thoroughly covers the market by product type, application type, end-user type, and key regions. India Helmet market outlook report provides an unbiased and detailed analysis of the ongoing India Helmet market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
India Helmet Marjet is anticipated to find its true potential in the years ahead on account of the rising transportation sector. The growing eCommerce platforms are intended to increase the number of product delivery jobs where the rise in adoption of two-wheeler vehicles, subsequently propelling the demand for helmets. Also, the growing middle-class population coupled with the companies are now focusing in the rural market as well thereby the registration for two-wheeler vehicles are increasing and this is leading to instigate the demand for helmets, as a result, is estimated to proliferate the growth of the helmet market in the years ahead.
Markets Covered
The market report thoroughly covers the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Helmet Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Helmet Market Revenues & Volume, 2019 & 2026F |
3.3 India Helmet Market - Industry Life Cycle |
3.4 India Helmet Market - Porter's Five Forces |
3.5 India Helmet Market Revenues & Volume Share, By Product, 2019 & 2026F |
3.6 India Helmet Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 India Helmet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Helmet Market Trends |
6 India Helmet Market, By Types |
6.1 India Helmet Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Helmet Market Revenues & Volume, By Product, 2016 - 2026F |
6.1.3 India Helmet Market Revenues & Volume, By Motorcycle Helmets, 2016 - 2026F |
6.1.4 India Helmet Market Revenues & Volume, By Bicycle Helmets, 2016 - 2026F |
6.1.5 India Helmet Market Revenues & Volume, By Other Helmets, 2016 - 2026F |
6.2 India Helmet Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Helmet Market Revenues & Volume, By Transportation, 2016 - 2026F |
6.2.3 India Helmet Market Revenues & Volume, By Sport, 2016 - 2026F |
6.2.4 India Helmet Market Revenues & Volume, By Dangerous Work Activities, 2016 - 2026F |
7 India Helmet Market Import-Export Trade Statistics |
7.1 India Helmet Market Export to Major Countries |
7.2 India Helmet Market Imports from Major Countries |
8 India Helmet Market Key Performance Indicators |
9 India Helmet Market - Opportunity Assessment |
9.1 India Helmet Market Opportunity Assessment, By Product, 2019 & 2026F |
9.2 India Helmet Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 India Helmet Market - Competitive Landscape |
10.1 India Helmet Market Revenue Share, By Companies, 2019 |
10.2 India Helmet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |